Ladder Capital (NYSE:LADR) Sees Strong Trading Volume – Here’s Why

Shares of Ladder Capital Corp (NYSE:LADR) saw unusually-strong trading volume on Wednesday . Approximately 784,715 shares changed hands during trading, an increase of 4% from the previous session’s volume of 754,131 shares.The stock last traded at $9.9350 and had previously closed at $9.71.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LADR shares. Capital One Financial set a $13.00 target price on shares of Ladder Capital in a research report on Wednesday, January 21st. Weiss Ratings restated a “hold (c)” rating on shares of Ladder Capital in a research report on Friday, March 27th. Zacks Research lowered shares of Ladder Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Wall Street Zen lowered shares of Ladder Capital from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Ladder Capital from $11.50 to $11.00 and set an “outperform” rating for the company in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $12.75.

Ladder Capital Trading Up 2.3%

The company has a quick ratio of 29.65, a current ratio of 29.65 and a debt-to-equity ratio of 2.37. The stock has a fifty day simple moving average of $10.26 and a 200 day simple moving average of $10.70. The firm has a market capitalization of $1.26 billion, a P/E ratio of 19.48, a PEG ratio of 0.73 and a beta of 1.00.

Ladder Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.92 dividend on an annualized basis and a yield of 9.3%. Ladder Capital’s dividend payout ratio (DPR) is currently 180.39%.

Institutional Investors Weigh In On Ladder Capital

Institutional investors and hedge funds have recently bought and sold shares of the business. Access Investment Management LLC raised its holdings in Ladder Capital by 28.1% during the third quarter. Access Investment Management LLC now owns 440,384 shares of the real estate investment trust’s stock valued at $4,805,000 after acquiring an additional 96,630 shares during the period. Allianz Asset Management GmbH grew its stake in Ladder Capital by 49.8% during the third quarter. Allianz Asset Management GmbH now owns 623,013 shares of the real estate investment trust’s stock valued at $6,797,000 after acquiring an additional 207,167 shares in the last quarter. Denali Advisors LLC grew its stake in Ladder Capital by 99.6% during the third quarter. Denali Advisors LLC now owns 490,600 shares of the real estate investment trust’s stock valued at $5,352,000 after acquiring an additional 244,776 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Ladder Capital during the third quarter valued at $2,282,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Ladder Capital by 62.3% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 233,488 shares of the real estate investment trust’s stock valued at $2,547,000 after acquiring an additional 89,588 shares in the last quarter. 62.25% of the stock is owned by institutional investors.

Ladder Capital Company Profile

Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage?backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.